The future of Ssangyong, Korea’s smallest car manufacturer known here as the maker of the Rexton, is not sorted yet as the company is up for sale under a court-led restructuring process. Six potential suitors, which includes Renault and India’s Mahindra & Mahindra, are waiting for the $500 million deal to go through. But that hasn’t stopped the company from sealing big deals abroad.
SsangYong Motors announced on Tuesday that they will be supplying Russian company Sollers with 156,100 knocked down kits in a CKD export deal right through to 2017, starting with 16,700 units next year. The arrivals will be assembled in Sollers’ factory in Vladivostok. It was not mentioned what model or models the figure included.
Sollers is a Russian company which also assembles Russian UAZ off-roaders, Fiat and Isuzu vehicles. The company pumps out about 300,000 automobiles a year and has an annual turnover that exceeds $2.48 billion.